MESABI TRUST

For the period ended Jan 31, 2026. Filed Apr 22, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Apr 22, 2026

MSB$17.19+0.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

EX-13 · Balance Sheets as of January 31, 2026 and 2025

BALANCE SHEETS

AS OF JANUARY 31, 2026 AND 2025


· · 2026 · · 2025

Assets
Cash and cash equivalents	$23,162,609	$100,204,531
Accrued income receivable	782,363	1,160,761
Contract asset	263,982	240,642
Prepaid expenses	147,371	122,518
Current assets	24,356,325	101,728,452

Fixed property, including intangibles, at nominal values

Assignments of leased property

Amended assignment of Peters Lease	1	1

Assignment of Cloquet Leases	1	1

Certificate of beneficial interest for 13,120,010 units of Land Trust	1	1
	3	3

Total assets	$24,356,328	$101,728,455

Liabilities, Unallocated Reserve And Trust Corpus

Liabilities
Distribution payable	$3,411,203	$78,064,060
Accrued expenses	542,250	336,675
Total liabilities	3,953,453	78,400,735

Unallocated reserve	20,402,872	23,327,717

Trust corpus	3	3

Total liabilities, unallocated reserve and trust corpus	$24,356,328	$101,728,455

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.